A new investor means a bright future for Midas Gold

A new investor means a bright future for Midas Gold

Midas Gold has a new investor. This news brings us one step closer to restoring the Stibnite Gold Project site through modern mining practices.

Paulson & Co. was the major investor in a recently completed $40 million transaction. This money will give a tremendous boost to our company and the work we are doing in Idaho. Our relationship with Paulson & Co., an investment management firm, will allow us to finish our environmental assessment, feasibility study and undertake the permitting process for redevelopment of the site.

“We are thrilled that Paulson & Co. is supporting our vision for the Stibnite Gold Project site,” said Stephen Quin, Midas Gold Corp. President. “The area was abandoned after a century of mining and never received the reclamation work it needed. With advances in modern mining methods, we have the ability to redevelop the site, reclaiming the historic disturbance, re-mine the area for gold and antimony and leave it in better condition than it is today. The investment from Paulson & Co. gives us the funding we need to sustain our operations through the permitting process so that we can one day see the site redeveloped and restored.”